Common use of Receivable in Force Clause in Contracts

Receivable in Force. As of the Cutoff Date, neither the Sponsor’s receivables systems nor the Receivable File indicate that the Receivable was satisfied, subordinated or rescinded, or that the Financed Vehicle was released from the Lien created under the Receivable.

Appears in 39 contracts

Sources: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2022-A), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2022-A), Receivables Purchase Agreement (Ford Credit Auto Receivables Two LLC)

Receivable in Force. As of the Cutoff Date, neither the Sponsor’s 's receivables systems nor the Receivable File indicate that the Receivable was satisfied, subordinated or rescinded, or that the Financed Vehicle was released from the Lien created under the Receivable.

Appears in 24 contracts

Sources: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2025-B), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2025-B), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2025-A)